You may bid after you register. Registration is an easy 5-step process as follows:
- Register- Complete the registration form. Your password and username will be emailed to the email address you provided. You will also see a link in your email address. You will need to click on Confirm Now link to activate your account. Once you have clicked on the link your account is activated. You will be taken to the bidforme home page where it will say Registration Completed Successfully. Please login to access your account.
- Login To Your Account – To start bidding you will need to login to your account using the Password and Username which was emailed to you. Click on the login link or on the MEMBER LOGIN panel which is on the right hand top side of the page. Type in your Username and Password and click the SUBMIT button. NOW YOU ARE READY TO BID.
- Browse Auctions Browse the auction that you would like to bid on, once you have found the auction item that you would like to bid on Click Bid Now this will take you to that items auction page with a more detailed description of the auction item and some photos. If you would like to Bid on that item you will need to click on the Pay Admin Fee button to pay for the admin fee associated with that auction item. You will not be able to bid until your payment is processed through paypal which only takes a minute.
Note: If you have clicked on View details on any auction item this also takes you to that items auction page then you don't need to click on bid now. If you wish to bid on an item you will need to click on the Pay Admin Fee button to pay for the admin fee.
- Pay Admin Fee Via PayPal Click on the Pay Admin Fee Button, you will automatically be taken to a seperate paypal payment gateway that will process the admin fee. You will land on the paypal login in page.
EXISTING PAYPAL ACCOUNT USERS If you have an existing paypal account log in as normal as you would to make any other payment. Once logged in you will be taken to the payment section of paypal. Click on the PAY NOW BUTTON. You will be taken to the next page which say’s thank you for your payment, and an email will be sent to you of your payment confirmation. Then Click on the Continue button & click on a link called Click here to go to the products page which will take you back to our website where you can proceed to place your bid.
NEW PAYPAL ACCOUNT USERS No need to register. All you need to do is when you’re on the paypal Login page go to where it say’s Don't have a PayPal account? And click on Continue. You will be taken to the payment section where you enter your credit card details. Once you have entered your details Click review order & Continue Button. Review your order and Click on the PAY NOW button. On the next page you will get a thank you for your payment message. You will also receive an email of your payment confirmation via paypal. Next Click on the Continue button & click on a link called Click here to go to the products page which will take you back to our website where you can proceed to place your bid.
- Place Your Bid Amount & Click BID NOW - Place your bid amount in the box provided and Then click Submit. Now your bid has been submitted into our auction system That's it. It’s that easy.
You will then be shown the status of your bid. An email will also be sent to you with the status of your bid. You can bid as many times as you like which will give you more of an opportunity to be the Lowest Unique Bidder. Obviously submitting 3 to 5 bids and spreading your chances of being the lowest unique bid winner is better than submitting just one bid. The choice is yours.
Bid amounts will only be charged to the auction winner upon the closing of the auction for a given item.
You can also view the status of yours Bids at any time by clicking on My Bid Status button, which will give you details of the time you placed your bid, the amount you bid, and the status of your bid. You will also be updated if your status changes throughout the period of the auction.
It is then up to you what you decide to do, You can place further bids to increase you opportunity of placing yourself as the lowest unique bidder, Using a strategy of 3 to 5 bids and spreading yourself across the auction will place you in a better position to become the lowest unique bidder. Obviously 3 to 5 bids placed is a better than having one bid placed.
You can also see the current status of your bids on the Bid History page.You require to login to see the history.
Bidforme.com.au auctions are where products are placed on auction with the following rules:
- Bidders are asked to place their bid, a bid which you think no one else will duplicate, and the auction winner will be the one with the LOWEST UNIQUE BID.
- An Administration Fee is charged per bid.
- Bidforme.com.au is a website which offers items for sale by a reverse auction process. Rather than the bidder with the highest bid winning (as is the case in traditional auctions), the winner is the person who has the "LowestUnique Bid".
How it Works?
Bidforme.com.au allows people to bid on items offered on our website, participants bid for items and if you are lowest unique bid winner you win the right to buy the item at your lowest unique bid that you placed.
The cost of the item is covered by the administration fee you pay to make a bid. The administration fee varies from item to item, but is noted on each item.
The variation from the traditional style auction system is the auction result is awarded to the Lowest Unique Bid when the predetermined Required Number of Bids has been met and the auction is closed. Each Bidder is required to pay an Administration Fee in order to place a Bid.
This is best illustrated with the following example:
Apple iPod Shuffle 1 gig - Recommended Retail Price : $199 Required. No. of Bids : 200 Administration Fee : $2.75 Max bids per Bidder: 10 Max Bid Allowed: $4.00 Bids remaining to Close Auction: 0 Auction Status: Closed At the end of the auction the lowest ten bids may look like this: Bid 1: $0.01 Not Unique Bid 2: $0.01 Not Unique Bid 3: $0.02 Not Unique Bid 4: $0.02 Not Unique Bid 5: $0.02 Not Unique Bid 6: $0.03 Lowest Unique Bid Bid 7: $0.04 Not Unique Bid 8: $0.04 Not Unique Bid 9: $0.05 Unique, but not the lowest Bid 10: $0.06 Unique, but not the lowest
Bid No.6 is the Lowest Unique Bidder and is awarded the auction result and would have to pay only 0.3c. He/she has therefore purchased an item for 0.3c (Bid Amount) + $2.75 (Admin Fee) = $2.78 = 1.4% of the Retail Price ($199)!
ANOTHER EXAMPLE:
Who is the winning bidder? The winning bidder is the person who has the Lowest Unique Bid at the close of the auction subject to the winning bid being validated. The Lowest Unique Bid is the lowest bid which has not been duplicated or offered by any other Bidder.
The table below provides examples of how this is worked out:
|
Bidder 1 |
$0.01 |
Not Unique |
|
Bidder 2 |
$0.01 |
Not Unique |
|
Bidder 3 |
$0.03 |
Lowest Unique Bid |
|
Bidder 4 |
$0.04 |
Unique, but not the lowest |
|
Bidder 5 |
$0.05 |
Unique, but not the lowest |
|
Bidder 6 |
$0.07 |
Unique, but not the lowest |
|
Bidder 7 |
$0.10 |
Unique, but not the lowest |
For example if the results above were for an item with the following details:
|
Auction ID: |
00022 |
|
Admin Fee: |
$5.00 |
|
Maximum Bid: |
$4.00 |
|
Value: |
$545.00 |
|
Max # Bids per Member: |
Unlimited |
|
Required # of Bids: |
250 |
|
Bids remaining: |
0 |
In this example the Bid of 3c is the Lowest UniqueBidder and is awarded the auction result and would have to pay only$0.3c. He/she has therefore purchased an item for $0.03c (Bid Amount) + the $5.00 Admin Fee so the total is $5.03c, to own that item.
If the Bidder of the successful bid had more than one bid they would need to add (the $5 Admin Fee) for each additional bid placed.
Let's say as an example they placed a total of ten bids during the auction their total outlay to own the item would be 10 bids X $5.00admin fee = $50.00 (initial Admin Fees) + $0.03c (bid amount) =$50.03 cents total to own that item.
This is an excellent strategy as by bidding several different amounts you place yourself in a better position with the opportunity to become the lowest unique bid winner.
People win even with one bid placed, however increasing the number of bids that you place by spreading yourself through the auction greatly increases the opportunity to win the item. Obviously placing 5 or 10 bids of different figure amounts you have a greater success rate of winning the item rather than placing one bid. The choice is up to you how you decide to play the auction.
Remember: During the auction the lowest unique bid is constantly changing, if in this example someone else was to bid $0.03, then $0.03 would no longer be a Lowest "Unique" bid, this will change to Not Unique, meaning it would no longer be the Lowest Unique bid because it has now been duplicated by someone else placing the same amount. So now $0.04 would become the Lowest Unique Bid as this is not duplicated by any other person. However if someone placed a bid for $0.02, as this has not been bid previously by anyone else, it would then become the Lowest Unique Bid.
Strategic Considerations It is important to note that the strategy of waiting to place a bid and win won't work in this type of auction as this auction is not time based auction like other traditional auction forms. The Auction will close when the required number of bids have been met and the required number reaches 0.
The auction ends and closes and finds the lowest unique bid when the required bid amount is reached and comes to 0. The strategy is to bid as quickly as possible to reach the required bid amount to close the auction. Once the auction is closed our system will locate the lowest unique bidder and inform them of their win. The results will be published after the auction is closed. On placing bids you will be notified if your bid is the lowest unique bid, or unique but not the lowest, or not unique, however as the auction play's out, your unique bid may become the lowest unique bid in the closing stages of the auction and hold that status until the close of the auction. If this happens then you are the lowest unique bid winner of the auction.
If for example at the close of the auction we didn't have a single lowest unique bid the successful bidder would be determined by the two lowest exact same bids however the bidder awarded the item would be the bidder that placed the first bid.
So in that scenario it is very important to get your bid in early.
Increasing the number of bids that you place by spreading yourself through the auction greatly increases the opportunity to win the item. Obviously placing 5 or 10 bids of different figure amounts you have a greater success rate of winning the item rather than placing one bid.
The results and the winning bid will be displayed on the Results Page aproximatley 2 days following the close of an Auction. The name of the successful Bidder will be displayed once the validity of the bid has been confirmed.
A Further Example of How the lowest unique bid works and what it could look like at the end of the auction.
- Let's say The item being auctioned is a $2500 laptop computer
- The maximum you can bid on it would be, say $23.23
- To bid on the product you have to pay a small bid fee of $4.00
- TheLowest Unique, Unduplicated bid UNDER $23.23 wins the laptop
- So if two people bid $17.34 and two people bid $2.67 then you and only you bid $5.21 then you would have the lowest unique bid and the laptop would be yours for $5.21 that's $2494.79 in savings. Less your admin fee you paid to place your bid then it would be =$2,490.79 in savings. So all in all it cost you $9.21c total to win the right to buy your laptop computer at the bid price you offered which is the lowest unique bid that won the auction.
- The auction is blind, which means it is not seen or ever viewed by any other bidder so you don't have to worry about other people having an advantage.
- You can bid as many times as you want on any product.
- So the more bids you buy the better your chances are of winning the auction which wins you the right to buy that item at the lowest uniquebid that you offered.
|